Prime Capital Investment Advisors LLC Acquires 202 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Prime Capital Investment Advisors LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,087 shares of the software company’s stock after buying an additional 202 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Autodesk were worth $575,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in Autodesk by 4.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 885,843 shares of the software company’s stock valued at $244,032,000 after purchasing an additional 38,288 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Autodesk in the 3rd quarter valued at about $836,000. Versor Investments LP bought a new stake in Autodesk in the 3rd quarter valued at about $496,000. Venturi Wealth Management LLC raised its stake in Autodesk by 103.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,848 shares of the software company’s stock worth $785,000 after buying an additional 1,447 shares during the period. Finally, Jag Capital Management LLC bought a new position in Autodesk in the third quarter worth approximately $13,861,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. KeyCorp reissued an “overweight” rating and set a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. DA Davidson started coverage on shares of Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Finally, The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $296.20.

Autodesk Trading Down 2.4 %

Shares of ADSK stock opened at $299.15 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of $64.32 billion, a P/E ratio of 61.08, a PEG ratio of 4.00 and a beta of 1.47. The company has a 50 day moving average of $280.34 and a 200-day moving average of $250.66. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $1.12 earnings per share. Sell-side analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the sale, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. This trade represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 over the last quarter. 0.14% of the stock is currently owned by company insiders.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.